** CLSA analysts write: Asian Paints GST rate cut improves growth outlook for co as organised industry should benefit and gains from lower GST would be instantly passed on, but there are near-term concerns on margins, as product price hike may be difficult

** While in near term there may be some pressure on margins due to inflationary pressures and delayed price hikes, believe that strong operating leverage and some recovery in units and JVs will offset these, Jefferies analysts write